re: #348 lawhawk

The supercommittee was a joke from the moment it was announced, and only became more of one when members like Kyl and outsiders like Boehner were openly declaring what would and wouldn’t be acceptable in the final draft. And even last week, when we got the dueling proposals, McCain was heard to be talking about ways to get around the automatic cuts to the military.

So yeah, stocks are gonna fall immediately, followed by an even sharper fall when we get downgraded again due to an inability by the GOP to take our debt seriously, and the recovery is likely to stall or even crash entirely. The question remaining is how the GOP expects to profit from all this.